Hurricane on Friday released an operational update on the Lancaster field. It has decided to shut in production from one of the two producers due to flow instability, given interference between the two wells. Production has fallen to 10.3kbbl/d, versus previous expectations of pre-downtime production from the two wells of 20kbbl/d. Hurricane has withdrawn its production guidance of 17kbbl/d for 2020, with year to date production having averaged 15.5kbbl/d. Hurricane shares fell ~45% on the news, ....
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Lancaster well interference impact overblown
- Published:
26 May 2020 -
Author:
Anish Kapadia | Jay Ashfield -
Pages:
6
Hurricane on Friday released an operational update on the Lancaster field. It has decided to shut in production from one of the two producers due to flow instability, given interference between the two wells. Production has fallen to 10.3kbbl/d, versus previous expectations of pre-downtime production from the two wells of 20kbbl/d. Hurricane has withdrawn its production guidance of 17kbbl/d for 2020, with year to date production having averaged 15.5kbbl/d. Hurricane shares fell ~45% on the news, ....